CoryMitchell-CMT

BIR.TO Near Cup and Handle Breakout

Long
TSX:BIR   BIRCHCLIFF ENERGY
Generally trade stocks in strong trends, but the turnarounds can be good as well. Strong price action starting in March, with a cup and handle type formation. Provides for a decent reward: risk with a stop loss near $4.60/50.

Price needs to break and hold above $5 to signal another advance.

Disclosure: long.

Cory Mitchell, CMT
Stock and forex trading insights at https://tradethatswing.com/